UK seeks to take the lead on climate risk standards

New research centre intended to help UK financial firms build better climate risk models

Climate-change_Getty

A new UK government-backed initiative could help the country’s financial services firms and regulators take the lead in setting standards for measuring and monitoring climate risk.

The Centre for Greening Finance and Investment (CGFI), which launched this week with an initial funding of £10 million, is the latest government initiative intended to position the UK as a global centre for sustainable finance, ahead of the UN climate talks in Glasgow in November 2021.

The national centre seeks to

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